allright folks, this one is a good one. tp1 50% of the first position (left green square) at 1.73900 right before previous zone + psy. level of 1.74000. Add a position on the 38% fib, and I closed the 2nd position (1.70781) at first resistence zone 1.72000 (psy. lvl). Tp for the 38% add-on is 1.72440. Letting the lower position at the bottom (1.70608). Then I expect a big move either returning at first entry make a double bottom, or a continuation toward 1.73900 before pullbacking.
We had the same setup at the same dates on GBPAUD: August 20 to September 11 -- massive drop from 1.84000 to 1.75000
Same thing is happening right here: October 20 to November 11 -- massive drop from 1.80000 to 1.70000
Often, currencies tends to repeat between themselves overtime.. and that's what we are seeing right here.
bienvenue a bord les amis
We had the same setup at the same dates on GBPAUD: August 20 to September 11 -- massive drop from 1.84000 to 1.75000
Same thing is happening right here: October 20 to November 11 -- massive drop from 1.80000 to 1.70000
Often, currencies tends to repeat between themselves overtime.. and that's what we are seeing right here.
bienvenue a bord les amis